Detroit organization concerned as confusion remains over federal funding
Last week, the Trump administration rescinded the memo about freezing federal funds, and some local organizations say their ...
Auto industry bracing for further disruption in 2025, experts say
Analysts, experts and professionals from the industry spoke out about their concerns at the 31st Automotive Insights ...
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Fed Officials Are Worried About Prospective Tariffs
Federal Reserve Bank of Chicago President Austan Goolsbee warns that lessons from the pandemic suggest tariffs might become inflationary by creating supply-side disruptions.
Trump's China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts
The largest impact will be on Ford's Lincoln Nautilus and General Motors’ Buick Envision, which accounted for 95% of ...
Federal Reserve holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's ...
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Former Federal Reserve adviser indicted and arrested for alleged espionage in dealings with China
Federal authorities have arrested a former Federal Reserve senior adviser for allegedly giving inside economic information to China. A grand jury indictment accuses John Harold Rogers, 63 ...
Fed officials note abundance of uncertainty in Trump's policy moves
By Ann Saphir, Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials on Wednesday pointed to the large policy uncertainty around tariffs and other issues arising from the early days of ...